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HUDCO, MPUDCL ink ₹1 lakh crore MoU to boost housing and infrastructure projects in Madhya PradeshUnder the non-binding MoU, HUDCO will extend financial assistance of ₹1,00,000 crore over a period of five years for various housing and infrastructure projects in Madhya Pradesh. Shares of Housing & Urban Development Corporation Ltd ended at ₹230.65, down by ₹0.65, or 0.28%, on the BSE.By Jomy Jos Pullokaran   July 11, 2025, 11:16:40 PM IST (Published)2 Min ReadState-owned Housing and Urban Development Corporation Limited (HUDCO) on Friday (July 11) said it has signed a Memorandum of Understanding (MoU) with Madhya Pradesh Urban Development Company Limited (MPUDCL) in Indore.

Under the non-binding MoU, HUDCO will extend financial assistance of ₹1,00,000 crore over a period of five years for various housing and infrastructure projects in Madhya Pradesh. Alongside financial support, HUDCO will also provide consultancy services and capacity-building assistance to ensure effective implementation of the proposed projects.

Also Read: HUDCO shares have nearly halved from their peak; MFs increased stake but retail cautious

The signing ceremony was attended by Dr. Mohan Yadav, Chief Minister of Madhya Pradesh, Kailash Vijayvargiya, Minister of Urban Development and Housing, Madhya Pradesh, and Sanjay Kulshrestha, Chairman & Managing Director of HUDCO, along with other dignitaries.

Fourth Quarter Results

HUDCO reported a 4% year-on-year growth in its net profit at ₹728 crore in comparison to the same quarter last year. Net Interest Income (NII) or core income for the lender increased by 26% to ₹962 crore from ₹761 crore it reported in the year-ago quarter.

HUDCO's Assets Under Management (AUM) grew 35%, exceeding its guidance of over 30%. The net interest margin (NIM) stood at 3.22%, slightly above the guided figure of 3.2%. The company's asset quality also improved, with Gross Non-Performing Assets (NPA) declining to 1.67% from 2.71%, and Net NPA reducing to 0.25% from 0.36%.

Also Read: HUDCO eyes ₹1.5 lakh crore loan book, zero NPAs by FY26

The board of HUDCO has also recommended a final dividend of ₹1.05 per equity share on the face value of ₹10 each, for the financial year 2024-25. This will be subject to the approval of shareholders in the ensuing Annual General Meeting (AGM), the company said in an exchange filing.

Shares of Housing & Urban Development Corporation Ltd ended at ₹230.65, down by ₹0.65, or 0.28%, on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsHUDCOMadhya Pradeshshare market today